Raising finance for small businesses

You’ve got a brilliant idea, you know the market’s eagerly waiting for your product or service to go live and you’re excited about the prospect of becoming the next Richard Branson. But there’s one thing that could scupper all of those ambitions – money. Late last year, the Federation of Small Businesses carried out a survey that showed around 42% of small businesses were strugglin… Continue Reading

Partnerships and LLPS

For several years partnerships and LLPs have provided a very flexible business structure and in some cases have provided tax advantages, mostly because of their flexibility both in terms of tax and legal framework. On 20th of May 2013 HM Revenue and Customs published  a consultation document  titled: “Patnerships: A review of two aspects of the tax rules” This is a 38 page docume… Continue Reading

Tax solutions for US citizens in the UK

We at Tuchbands have just been through this year’s IRS return filings for our US citizen clients. We work closely with a specialist firm of US accountants based in UK to ensure that our clients receive a seamless service for filing both a UK and US tax returns. One feature of the US tax filing is the set of forms known as FBARS which stands for Foreign Bbank and Financial Accounts R… Continue Reading